Bank of Korea Governor Shin Hyun-Song: “Potential for Default in Vulnerable Sectors as a Risk Factor”
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5 Articles
Bank of Korea Governor Shin Hyun-song assessed on the 12th that "concerns regarding financial imbalances stemming from rising housing prices in the metropolitan area and the increase in household debt remain significant." In his opening remarks at the parliamentary audit held at the Bank of Korea in Jung-gu, Seoul, Governor Shin stated, "The possibility of default in vulnerable sectors lurks as a latent risk factor."
Bank of Korea Governor Shin Hyun-song stated on the 12th, “The possibility of default in vulnerable sectors lies as a latent risk factor.” This implies that the burden of loan interest repayments for vulnerable groups could increase due to the impact of two consecutive benchmark interest rate hikes in July and August. Governor Shin made these remarks during his opening address at the parliamentary audit of the National Assembly’s Finance and Eco…
[Digital Daily Reporter Kim Nam-gyu] Bank of Korea Governor Shin Hyun-song expressed concern over rising housing prices in the Seoul metropolitan area and increasing household debt, leaving open the possibility of a further hike in the base interest rate. His judgment is that it is necessary to maintain a tightening stance for the time being, given the combination of persistent inflationary pressures and instability in the real estate market. D…
There are significant concerns regarding financial imbalances stemming from rising housing prices in the metropolitan area and the increase in household debt. The potential for insolvency in vulnerable sectors also remains a latent risk factor.
Bank of Korea Governor Shin Hyun-song will appear before the National Assembly for the first time since taking office on the 12th. Questions are expected to cover the background behind two consecutive benchmark interest rate hikes and the future direction of monetary policy, as well as current issues such as rising housing prices in the metropolitan area, household debt, and the foreign exchange market. (Photo = Yonhap News) The National Assembl…
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